In recent days, the cryptocurrency market has experienced a significant surge, with Bitcoin (BTC) breaking through the $100,000 mark for the first time since early February. Following a period of consolidation above the $91,000 level, BTC is now in an uptrend. The rally was notably steady, marked by just a brief dip below $93,000. Ethereum (ETH) has also seen impressive gains, rising approximately 30% in just a few days, buoyed by strong trading volumes and optimism surrounding upcoming improvements to its efficiency and scalability. This positive momentum in the crypto space is further supported by a pivotal institutional development regarding Coinbase's acquisition of Deribit, an off-chain venue for crypto options trading, highlighting the growing importance of global derivatives trading. As market sentiment shifts, questions remain about the sustainability of this upward trend.

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